SEC Form 4 · accession 0001562180-16-003445
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P Barnes
Officer — President and CEO · Director
Period of report
Nov 9, 2016
Accepted (ET)
Nov 10, 2016 · 1:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001378946
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 9, 2016 | M | 136,809 | $12.65 | A | 252,819 | D | |
| Common StockF2,F1 | Nov 9, 2016 | S | 136,809 | $17.477 | D | 116,010 | D | |
| Common Stock | holding | — | — | — | 332,465 | I | John P. Barnes Living Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Option to BuyF3 | $12.65 | Nov 9, 2016 | M | 136,809 | D | — | Feb 16, 2022 | Common Stock | 136,809 | 0 | D |
Explanation of responses
- F1Includes 3,851 shares owned indirectly through the People's United Bank 401(k) Plan (including 42 shares acquired through dividend reinvestment) and 3,517 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 38 shared acquired through dividend reinvestment). Information is based on 9/30/2016 Plan statements.
- F2This transaction was executed in multiple trades at prices ranging from $17.43 to $17.51. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request by the SEC staff, People's United Financial, Inc. or a shareholder of People's United Financial, Inc. full information regarding the number of shares and prices at which the transaction was effected.
- F3Exercisable in annual increments on 3/1/2014 (50%); 3/1/2015 (25%); and 3/1/2016 (25%).